RE: https://urbanists.social/@danwentzel/116281946102446567
I am pleasantly surprised to see how many of us landed on the article like a nuclear bomb. A lot of people here have already learned about MMT and why currency sovereign can’t fail to pay.
The government spends money into existence. The deficit ceiling is an artificial construct to force ridiculous drama every year over budgeting.
The problem we really face is whose bank accounts the money sloshes into. Elon Musk crypto Donald Trump concentration camps.
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